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Indian shares look set to open on a cautious note Thursday as investors await key U.S. inflation data and Federal Reserve commentary for signals on the rate path.<\/p>\n
A market holiday on March 29 on account of Good Friday may also keep investors on the sidelines. <\/p>\n
Banks and non-banking financial companies could be in focus today after the Reserve Bank of India (RBI) modified the norms for their investment in alternative investment funds (AIF).<\/p>\n
Benchmark indexes Sensex and Nifty rose around 0.7 percent and half a percent, respectively on Wednesday despite mixed cues from global markets<\/span>.<\/p>\n Asian markets traded mostly higher this morning, though Japan’s Nikkei index fell over 1 percent amid the threat of intervention from the Bank of Japan in currency markets. <\/p>\n The dollar traded higher against a basket of currencies after Federal Reserve Governor Christopher Waller said there is no rush to lower interest rates. <\/p>\n Gold ticked lower in Asian trading while oil prices recovered some ground after two consecutive sessions of losses. <\/p>\n U.S. stocks fluctuated overnight before closing mostly higher after a late-day surge as Treasury yields slipped on rate-cut optimism. <\/p>\n The Dow rallied 1.2 percent and the S&P 500 added 0.9 percent to snap three-day losing streaks while the tech-heavy Nasdaq Composite edged up half a percent. <\/p>\n European stocks hit new record highs on Wednesday as Sweden’s Riksbank laid the groundwork for a rate cut as soon as May and data showed confidence in the euro zone economy<\/span> ticked up in March. <\/p>\n The pan European STOXX 600 inched up 0.1 percent. The German DAX rose half a percent, France’s CAC 40 gained 0.3 percent and the U.K.’s FTSE 100 finished marginally higher. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div><\/div>\n